I've been waiting for Binance to be targeted as soon as the FTX situation blew up and regulators realized that Binance did the exact same thing as FTX,
That's not true, and it is even a bunch of bullshit.
You should know better than that OgNasty.
FTX is largely used as an excuse to go after Binance - with a bunch play off of xenophobic fears, and so if you really consider the matter, you may well wonder how purposeful was the blowing up of FTX in order to create or exacerbate excuses to build political will power and misinformation in order to attack various aspects of bitcoin.
For sure Binance trades shitcoins and likely does some of the same things (and similar things as FTX), yet it likely helps to better understand what is going on if you do not try to overly simplify and act as if they are doing "exactly the same thing" when that is just bullshit and not even close to true.
It's a good excuse though, isn't it?
It gives pretty decent regulatory cover, doesn't it?
What the fuck do you think is going to happen with all of these various likely desperate attacks (against crypto and then bitcoin) coming from within the USA?.. more and more off-shoring of bitcoin.. and yeah, I am not even really complaining about the attacks happening, but I am complaining with regards to your oversimplification and bucketing FTX and Binance in the same bucket. and yeah, you are not the ONLY one employing such lame and loose use of the facts and/or logic to reach lame and superficial conclusions.
but they were able to survive a cycle doing so and became insanely wealthy as a result.
Yeah.. keep building on it.
Maybe you should try to grapple with actual facts rather than making shit up?
Looks like now that regulators have caught on, they are going to be looking to take a piece of flesh from CZ.
Of course, regulators want someone to go after.... a bit of a distraction, no?
You seem to be buying it. Hook, line and sinker.
We need more regulation, right?
We need CZ to get thrown in jail for life, right?
Examples need to be made, and SBF is not enough..
Probably SBF will go free and CZ will get put in jail. That would be a really great (and just) outcome right? It was really CZ who caused SBF to defraud millions of people and to engage in his bullshit fake exchange in which he was not even holding any bitcoins that he claimed to have 80k bitcoin, and there was only 1 or 2 bitcoin in the whole inventory of both FTX and Alameda combined. Don't get me wrong. I am sure that several of the employees, founders and leaders of FTX and Alameda had some bitcoin (and probably still have a decent number of bitcoin).
This is in no way a positive development for Bitcoin in the short term,
So ? We are going down from here? Just like we did in August 2013 when Silk Road got shut down? And, also just like we did in late 2016 when the chinese cracked down on people holding bitcoin in their highly liquid exchanges? Or do you have another great comparison regarding why bitcoin is going down in the short term? I am sure you will be able to come up with something convincing, and hopefully (for your own sake) you don't sell too many of your cornz and get ur lil selfie reckt.. and better yet, hopefully not too many newbies are listening to your lame proclamations regarding the short-term doomedness of my lil precious.
and we're already seeing the start of the pain, but long term I think if we want to see Bitcoin hit the high 6 figures, it is absolutely necessary to weed out the bad actors in the space, and Binance is just FTX with a first mover advantage.
Pretty lame repetition of nonsense.. but whatever, you do you.
You have a right to whatever dumb and inadequate comparison that you like, and I have a right to call your assessment dumb and to pray that NOT too many folks buy into such nonsense... for their own good.. even though sure there are no guarantees that you might end up being directionally correct, and in that regard, we always have to be prepared financially and psychologically for BTC prices to go in directions that are beyond our expectations for lower and longer than we expected them to go there.. whether we are referring to up or down.
So much for the weekend dip
Yes....
HODLers who hold together, cry together.
Sucks to be a HODLer...
.
Hot take:
We live in a strange dystopia where one of the biggest/most profitable Tech companies in the world announces their first new product in 9 years:
A VR headset that 99.9999% of society doesn't want, never asked for and will never buy.
Talk about tone deaf.
I'm starting the believe that the more RnD money you lose as a Tech company, the more profitable you actually become.
Bizarro World.
There's more of it.
We live in a world where people who don't understand technology make laws regarding it.
In a world where boomers who had nothing to do with the Internet all their lives try to regulate it.
In a world where people still think they can post something online and then change or delete it and nobody will notice.
In a world where people who try to make us limit our CO2 emissions and force us to drive electric cars fly to conferences in private jets, are driven around in V12 limos and spend holidays on their yachts powered by diesel engines...
I'm in a rant mood
Beta boy Gensler has no power here.
This dip will be shaken off in a few days. We’ll be at over $30,000 by the end of the month.
(Not financial advice).
I don't like Gary but he said it many times that every coin apart from bitcoin is a security and exchange tokens like BNB are 100% securities, you can't deny it, so they can't touch bitcoin but want to touch CZ.
I couldn't care less about CZ.
I agree with almost everything that you said in your part 1 (response above) darkangel11, but you went into such looney-toon crazy-land in part 2, that I almost vomited (figuratively, not literally)...
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